Oracle Cost Management Cloud 2023 Implementation Essentials - 1z0-1074-23 FREE EXAM DUMPS QUESTIONS & ANSWERS]

Question 1

Identify the four types of cost adjustments.

A. Authorized users can manually create cost adjustments. B. A revenue recognition event, which in turn triggers a cost of goods sold recognition event, can cause a cost adjustment. C. A standard cost update will create an inventory value adjustment. D. When a supplier invoice is processed in accounts payable, it can cause an adjustment to the inventory value and the cost of goods sold if the amounts processed for payment are different from the estimated amount on the purchaseorder. E. A change to a requisition after the purchase order has been created will create a cost adjustment. F. A retroactive purchase order price adjustment can cause an adjustment to the inventory value and the cost of goods sold.

Discussion 0

Correct Answer: B,C,D,F Vote an answer

Question 2

Your customer wants to run a report to review account balances for both inventory valuation and cost of goods sold. Which two Oracle Transactional Business Intelligence reports would you run so the customer can review these balances?

A. Revenue and COGS Matching Report B. Inventory Account Balances Report
B COGS Account Balances Report C. Costing Balances Report D. Inventory Valuation Report

Discussion 0

Correct Answer: C,D Vote an answer

Question 3

Your client wants to view Landed Cost Variance. Which pair of search options are available to view Landed Cost Variance?

A. Business Unit and Inventory Organization B. Inventory Organization and Legal Entity C. Legal Entity and Cost Organization D. Business Unit and Legal Entity E. Inventory Organization and Cost Organization F. Business Unit and Cost Organization

Discussion 0

Correct Answer: A Vote an answer

Question 4

You have made some changes to your subledger accounting setups for Costing and want to verify that the journal entries are showing up correctly.
How can you generate a report that allows you to see the subledger journal entries for transactions without actually transferring to the General Ledger?

A. Run the Create Cost Accounting Distribution process with the following parameters:
* Accounting Mode = Final
* Report Style = No report
* Transfer to General Ledger = No
* Post in General Ledger = No B. Run the Transfer Transactions from Inventory to Costing process with the following parameters:
* Accounting Mode = Draft
* Report Style = Detail
* Transfer to General Ledger = No
* Post in General Ledger = No C. Run the Create Cost Accounting Distribution process with the following parameters:
* Accounting Mode = Draft
* Report Style = Detail
* Transfer to General Ledger = No
* Post in General Ledger = No D. Run the Create Accounting for Costing process with the following parameters:
* Accounting Mode = Final
* Report Style = No report
* Transfer to General Ledger = No
* Post in General Ledger = No E. Run the Create Accounting for Costing process with the following parameters:
* Accounting Mode = Draft
* Report Style = Detail
* Transfer to General Ledger = No
* Post in General Ledger = No

Discussion 0

Correct Answer: E Vote an answer

Question 5

Your customer has a defined financial route that is not the same as the physical route in that it involves intermediate nodes (internal business units) that are not part of the physical supply chain.
Which pair of tasks are required to define and associate routes in Landed Cost Management?

A. Define the route In Cost and Profit Planning and associate with Trade Operations in Landed Costs B. Define the route in Cost and Profit Planning and associate with the Trade Operations Template in Landed Costs. C. Define the route in Functional Setup Manager and associate with Trade Operations in Landed Costs D. Define the route in Landed Costs and associate with the Trade Operations Template in Landed Costs. E. Define the route in Functional Setup Manager and associate with Manage Charge Invoice Associations in Landed Costs

Discussion 0

Correct Answer: C Vote an answer

Question 6

You need to simulate and estimate landed cost charges associated with purchase order receipts of material.
What must you create to make this possible?

A. Cost Scenario B. Charge Name C. Routes D. Orders E. Trade Operation

Discussion 0

Correct Answer: E Vote an answer

Question 7

Identify three characteristics of cost component to cost element mapping.

A. It is one of the attributes you define as part of your cost profile definitions. B. It is user-defined. C. It lets you define how cost component level costs will map into cost elements. D. You can only define one cost component to cost element mapping for an installation. E. You cannot modify, duplicate, or create user-defined cost components.

Discussion 0

Correct Answer: A,B,C Vote an answer

Explanation: Only visible for FreeCram members. You can sign-up / login (it's free).

Question 8

Identify three Landed Cost Management tasks.

A. View Rolled Up Costs B. Create Accounting C. Capture Charges D. Perform Allocations E. Manage Cost Scenarios F. Review Journal Entries

Discussion 0

Correct Answer: B,C,D Vote an answer

Explanation: Only visible for FreeCram members. You can sign-up / login (it's free).